Latest news with #DUK
New Indian Express
20-05-2025
- Politics
- New Indian Express
Vice chancellor selection in KTU, DUK tough call for Kerala government
THIRUVANANTHAPURAM: Uncertainty prevails over the appointment of new vice chancellors in APJ Abdul Kalam Technological University (KTU) and Digital University of Kerala (DUK) as the term of the incumbent interim VCs in both universities is set to end this month. Though rules stipulate appointment of a regular V-C within six months of appointing an interim V-C, the process has been stalled indefinitely in all varsities due to differences between the government and governor on the composition of the selection panel. This would necessitate a return to the interim V-C arrangement. In November last year, former governor Arif Mohammed Khan had appointed interim V-Cs in KTU and DUK for a six-month period following the failure to reach a consensus with the government on V-C selection. Khan made the appointments after disregarding a panel of names provided by the state government. His decision was challenged by the government in the High Court. On Monday, the High Court made it clear that the V-C appointment must commence with the state government's recommendation. Though the verdict has come as a shot in the arm for the government, it is in a fix as finding a suitable person as interim V-C, as per the Acts of both varsities, seems a tough task. As per the KTU Act, the charge of vice chancellor can be given either to the vice chancellor of any other university, the university's pro vice chancellor or the higher education secretary. Notably, KTU does not have a pro vice chancellor at present. In the case of DUK, the charge can be given to either the vice chancellor of any other university or secretary of electronics and information technology department.
Time of India
13-05-2025
- Business
- Time of India
Digital university set to float tender for science park soon
T'puram: The Digital University Kerala (DUK) technical committee will likely grant final technical sanction to the ambitious Digital Science Park project in Thiruvananthapuram on Thursday. This crucial approval, expected to be issued by the committee after its project review meeting, will clear the way for the construction phase to officially to DUK vice-chancellor Ciza Thomas, the technical sanction is the last remaining step before initiating the tendering process. "Once the sanction is granted, we will float the construction tender—likely within a month," she said. The upcoming facility, initially conceived as a two-building complex, has been scaled down to a single structure due to state budget constraints. The 2 lakh square-foot building is expected to be completed within 12 State Information Technology Infrastructure Ltd (KSITIL), the project consultant, has completed its preparatory work and submitted the detailed project report (DPR) to DUK. KSITIL will also take part in the technical committee meeting. The Digital Science Park will be developed at Technopark Phase IV in Pallipuram under the engineering, procurement, and construction (EPC) Kerala Infrastructure Investment Fund Board (KIIFB) has approved Rs 212.87 crore for the first phase. Currently, the park operates from a 15,000 square-foot temporary facility in the Kabani building at Technopark Phase IV, hosting eight technology firms focused on advanced research in artificial intelligence, machine learning, Internet of Things (IoT), and robotics .The permanent five-storey facility will be built on a 13.93-acre site near the Kerala University of Digital Sciences, Innovation and Technology. It will include centres of excellence, research labs, and digital incubators. Once completed, it will become India's first third-generation Digital Science Park, envisioned as a hub for cutting-edge research and technological innovation. The total project outlay is estimated at Rs 1,515 crore, with Rs 1,175 crore to be funded by KIIFB. The remaining amount will be raised through partnerships with industry stakeholders. The state govt has already given in-principle approval and sanctioned Rs 200 crore via Narendra Modi laid the foundation stone for the project on April 25, 2023. CM Pinarayi Vijayan inaugurated the interim facility in July 2023. Once fully operational, the park is expected to attract global talent, boost investments, and enhance state's knowledge economy.
Yahoo
06-05-2025
- Business
- Yahoo
Duke Energy: Q1 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Duke Energy Corp. (DUK) on Tuesday reported first-quarter profit of $1.38 billion. On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.76. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share. The electric utility posted revenue of $8.25 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $8.06 billion. Duke Energy expects full-year earnings in the range of $6.17 to $6.42 per share. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on DUK at
San Francisco Chronicle
06-05-2025
- Business
- San Francisco Chronicle
Duke Energy: Q1 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Duke Energy Corp. (DUK) on Tuesday reported first-quarter profit of $1.38 billion. On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.76. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share. The electric utility posted revenue of $8.25 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $8.06 billion.
Yahoo
01-05-2025
- Business
- Yahoo
Why Duke Energy (DUK) Outpaced the Stock Market Today
In the latest trading session, Duke Energy (DUK) closed at $122.02, marking a +0.26% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.15%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.09%. Coming into today, shares of the electric utility had gained 0.52% in the past month. In that same time, the Utilities sector gained 2.48%, while the S&P 500 lost 0.21%. Investors will be eagerly watching for the performance of Duke Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 6, 2025. The company's upcoming EPS is projected at $1.59, signifying a 10.42% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $8 billion, showing a 4.26% escalation compared to the year-ago quarter. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.32 per share and revenue of $31.72 billion. These totals would mark changes of +7.12% and +4.48%, respectively, from last year. Investors should also take note of any recent adjustments to analyst estimates for Duke Energy. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Duke Energy is carrying a Zacks Rank of #4 (Sell). Digging into valuation, Duke Energy currently has a Forward P/E ratio of 19.25. This indicates a premium in contrast to its industry's Forward P/E of 18.3. We can also see that DUK currently has a PEG ratio of 3.04. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 2.71 based on yesterday's closing prices. The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow DUK in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Duke Energy Corporation (DUK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
